Sep Ira Contribution Limits 2024 Over 50

Sep Ira Contribution Limits 2024 Over 50. The limit is $7,000 per year each in 2024 for those under age 50, and $8,000 for those 50 and over. So, if you’re at least 50 years old, the overall contribution limit for a solo 401 (k) plan is $73,500 in 2023 ($76,500 in 2024).

I estimate it will go up by $500 to $4,000 in 2025. Use the interactive calculator to calculate your maximum annual retirement contribution based on your income.